“Using Bitcoin to facilitate a crime is one of the stupidest things a criminal could do, since crypto transactions are transparent to all, can be traced, and are recorded forever in the blockchain. I can think of much better ways to hide transactions — cash, for example.”

Great article, so glad to see Tomer Federman put Krugman in his place – "5 things Paul Krugman gets wrong about crypto": https://medium.com/federman-capital/5-things-paul-krugman-gets-wrong-about-crypto-fda8577f5362

submitted by /u/StandardCA
[link] [comments]
Bitcoin – The Currency of the Internet

Bitcoin is a bubble and a perfect example of 'faddish human behavior,' says Robert Shiller

Bitcoin is coming off one of its best one-day performances of the year, but one Nobel Prize-winning economist sees the cryptocurrency as more of a psychological experiment than a serious investment. "I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever.
Google Alert – bitcoin